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Fed mulls tightening bolts on 'revolving door'

The Federal Reserve is weighing new measures to tighten the restraints it imposes on bank examiners who leave the central bank for jobs with financial institutions, following questions of a revolving door between the regulator and Wall Street.

Dave Skidmore, a spokesman for the Fed said - without divulging specifics - that the central bank’s board of governors and regional reserve banks “are looking at the area of post-employment restrictions and considering a variety of actions”.